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...Those 0% financing deals still exist, too, from struggling car companies desperate to move inventory.) The difference is, you're probably not going to get that rate (or any at all) unless your FICO score is north of 700, whereas six months or a year ago, a score as low as 620 would have gotten you behind the wheel. "Some of this just represents moving back to standards that were in place five or six years ago," says Paul Taylor, chief economist at the National Automobile Dealers Association. "But if you're a customer, not getting credit you could...

Author: /time Magazine | Title: The Credit Crunch: Where Is It Happening? | 9/30/2008 | See Source »

...transportation for students and staff. The “C” grade in the area of endowment transparency was likely earned due to a general lack of availability of information to the public and community at large about Harvard’s financial efforts toward sustainability. (Despite this low mark, however, Harvard still topped Yale, which scored an “F” in endowment transparency.) Hopefully, the poor grades will help to shepherd in reform in these two shortcomings, in addition to serving as encouragement for the university to continue to improve green efforts on the whole...

Author: By The Crimson Staff | Title: Sustain Sustainability | 9/30/2008 | See Source »

...late Sunday at the latest, it was obvious that Fortis had committed a catastrophic folly. Less than a year after the blockbuster deal, the Belgian, Dutch and Luxembourg governments agreed to inject $16 billion into an ailing Fortis, laid low by ongoing uncertainty in global credit markets. In return for the lifeline, each of the three Benelux governments took a 49% share in Fortis' banking units in their own countries. The part-nationalization of Belgium's biggest lender, which, with a worldwide staff of 85,000, is Europe's largest to be bailed out so far since the credit crisis...

Author: /time Magazine | Title: Lessons from Europe's Big Bailout | 9/29/2008 | See Source »

...soon be raking in the dough. But we’d just written a screenplay about love among the sea-monkeys. Surely that counted for more in the cosmic balance than a plum internship at Lehman Brothers! Or so we muttered to ourselves as we curled up on our low thread-count sheets every night...

Author: By Alexandra A. Petri | Title: Follow Your Dreams! | 9/29/2008 | See Source »

...friends grasp frantically at disappearing internships, we can’t wipe the grin off our faces. Now those perky i-bankers with their interview jackets and heels will have to live like we always knew we would. We’ll ride the bus together to our low-paying jobs and swap budget-saving coupons. That will teach them to put money before passion...

Author: By Alexandra A. Petri | Title: Follow Your Dreams! | 9/29/2008 | See Source »

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